Dave: Neobank increases subscription revenues by 92% and enters the Buy Now, Pay Later market!

Dave (DAVE) offers digital banking services for people living paycheck to paycheck. Thanks to AI algorithms, it aims to eliminate the reliance on traditional credit scores and static risk models that banks typically use. The number of monthly active members with multiple transactions rose by 19% in the fourth quarter to 2.9 million, indicating that the large market potential of potentially 185 million customers is far from being fully tapped. The increase in subscription fees for new customers from $1 to $3 boosted subscription revenues by 92%....